Can US Business Stop Global Warming? Experts Debate on Oct. 13 in New York

NEW YORK, Sept. 30 /PRNewswire/ -- Cutting greenhouse gases by trading emission permits is a market solution to global warming accepted around the world. Will Congress get in step with Europe and pass a cap-and-trade law to stem greenhouse gases? How can US business profit from carbon trading?

US and European experts will debate:

"Is Carbon Trading the Next Big Thing for US Business?"

At 5:30 - 8:30 PM, Oct. 13, New York. Hudson Hotel, 356 W 58th St.

Sponsor: Trayport, Europe's leading carbon trading platform

Leading US and European authorities will focus on the effectiveness, economic benefits, profit potential and environmental soundness of a US cap-and-trade program similar to the EU Emission Trading Scheme (EU-ETS).

The European Union (EU) made carbon trading mandatory in 2003. Despite taxpayer objection, US manufacturers, energy companies and others have begun trading carbon credits on voluntary markets. Moreover, India and China now share a sense of urgency over reducing carbon emissions and embrace carbon trading as a solution.

"The US economy stands to benefit. The nation will likely have excess emission quotas to sell and opportunities to generate credits for sale under both the California and Federal legislative proposals and will look to electronic trading as the means to achieve this. Carbon trading will also create jobs to monitor emissions, trade credits and develop green technology," says Elliott Piggott, managing director of Trayport, Inc. (www.trayport.com) and debate sponsor.

Moderator Fred Fishkin, CBS Radio journalist

Panelists

• Dinesh Babu, CEO, Carbon Ratings Agency
• Veronique Bugnion, Managing Director Analytics & Research, Point Carbon
• Steven Schleimer, Director, Barclays Capital
• Prof. Praveen Kumar, Faculty Fellow, CT Bauer College University of Houston
• Christopher Hunter, Vice President, Carbon Finance (US), Climate Change Capital
• Kiernon Allen, Marketing Director, Bluenext
• Michael Cosgrove, Managing Director/Head of Commodities & Energy Brokerage, North America, GFI Group
• Elliott Piggott, Managing Director, Trayport
  

Agenda

5.30 pm -- Registration

6:00 pm -- Introduction

6:15 pm -- Debate: How will US companies use and trade carbon credits? Impact of Waxman-Markey Bill. What lessons we learn from the EU - ETS?

8:30 pm -- Reception

Pre-registration required.

Trayport's GlobalVision software is used by the world's largest trading companies. In Europe 85% of the world's carbon assets are traded on its software ( GFIG).

SOURCE Trayport, Inc.